Freightos a year on: big plans, new ideas and targeting profitability in 2026
It’s now a year into Freightos’s listing on Nasdaq, and the platform company has been ...
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© Pavel Losevsky
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Dreamstime.com
Australia’s WiseTech Global (WTC) released today strong fiscal 2023 annual results, beautifully meeting its targets for the 12 months to the end of June.
Yet the stock was hammered, down to A$69.6, -19.6% for the day.
Ouch!
About half of that fall was due to high-end Ebitda guidance for fiscal 2024 that was softer than Mr Market had expected, at around A$540m.
Go with the low end of the forward guidance, and virtually all the drop was due to that. Classic, in this market.
Figure ...
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